Only sort of OT:
On the subject of frenzied stock prices, I certainly can sympathize with those who look in sheer amazement at this latest 50% move in just a week or so, but Sandisk has had a fair bit of company. See Message 13073965
for a report on fiber optic stocks which have been zooming in response to a trade show that is going on. And the article doesn't even take into account two of the steepest FC gainers, Emulex and Q-Logic, as well as a number of others. Sandisk's story, IMHO, compares well with many of these stocks that are in the process of discounting several years' growth. That is this market. At some point, we will are bound to have a sharp downward swoon, but that point may not come for weeks (perhaps either in anticipation of or after the next Fed move in a couple of weeks?) or perhaps even months. It is impossible to say. In the meantime, though, in this particular market environment, we are not overvalued. If you believe that this environment is about to change, you should probably do the four letter thing, s--l.
Otherwise, hang tight (even though my own 6 month goal has already been essentially reached today).
s. |
